In the previous session, the Sensex ended 2.72 points, or 0.01 per cent, higher at 37,754.89, and the broader Nifty closed with gains of 1.55 points, or 0.01 per cent, at 11,343.25. Top gainers in early trade include Kotak Bank, SBI, ICICI Bank, IndusInd Bank, PowerGrid, Bajaj Finance, HCL Tech, M&M, TCS, Maruti, Infosys and Axis Bank, rising up to 3.40 per cent. While, HUL, Coal India, Bharti Airtel, ITC, Tata Steel and Bajaj Auto were top losers, falling up to 1.47 per cent.

Nifty reclaims 11, 400 mark

According to Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas, the market seems to be in a positive mood ahead of the 2019 general elections. "Foreign institutional investors (FIIs) have pumped around Rs 30,000 crore this year which is a positive for equities. Investors seem to be factoring another term for the current government," he said. On a net basis, FIIs bought shares worth a net of Rs 1,482.99 crore on Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 817.77 crore, provisional data available with BSE showed.